Business Standard

Sun Pharma Q3 results: Net profit rises 11% to Rs 2,059 cr

Total revenue from operations rose to Rs 9,863 cr in the third quarter as compared to Rs 8,836.7 cr in the same period of previous fiscal

Sebi starts probe against Sun Pharma, to also reopen insider trading case

Press Trust of India New Delhi
Sun Pharma on Monday posted an 11.14 per cent increase in its consolidated net profit to Rs 2,058.8 crore for the third quarter ended on December 31, 2021, on the back of robust sales across domestic and international markets.
The Mumbai-based drug major had reported a consolidated net profit of Rs 1,852.4 crore in the October-December period of previous fiscal.
Total revenue from operations rose to Rs 9,863 crore in the third quarter as compared to Rs 8,836.7 crore in the same period of previous fiscal, Sun Pharmaceutical Industries said in a regulatory filing.
"We achieved a sustained momentum and good growth across businesses; despite rising costs, we have achieved higher profitability," Sun Pharma Managing Director Dilip Shanghvi noted.
The company's India business continues to grow faster than market, leading to increase in market share, he added.
"Our global specialty business for the first nine months has already crossed previous full-year revenues. We remain steadfast in our focus on topline growth, operational efficiencies and business continuity while simultaneously continuing to expand our global specialty presence," Shanghvi stated.
Sale of formulations in India for the third quarter stood at Rs 3,167.6 crore, up by 15 per cent over Q3 last year and accounting for 32 per cent of total sales.
Similarly, formulation sales in the US stood at USD 397 million in the period under review, a growth of 6 per cent over Q3 last year and accounting for about 30 per cent of total consolidated sales.
The company said its board has declared an interim dividend of Rs 7 per share of Re 1 each for the financial year ending on March 31, 2022.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Topics : Sun Pharma

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 31 2022 | 3:27 PM IST

Explore News